News and AnalysIs for

Recently the ACP announced its long-term price forecasts out to 2028. They also compared their numbers to other, publicly-available projections. We provide our own version of the comparison graph, translate some of the ACP’s commentary and give some of our own.

The HCC Analyst was concerned to see his graph of oil prices and the Colombian peso / USD exchange rate used in Friday’s newsletter without – in his opinion – the proper caveats. He demanded time to explain what was happening more carefully. (We think deep down he did not have anything else prepared, but we do agree that Friday’s article glossed over some important points.)

Ecopetrol (NYSE: ECP) reported good financial performance in 2017, and prospects for this year are positive as well. Oil prices and the discount to Brent played a key role in this issue, benefiting all Colombians.

The Ministry of Mines and Energy (MinMinas) announced fuel prices for April. The entity took measures to improve fuel quality and reduce pollution.

The Colombian government pledged to reduce pollution by signing the Paris agreement. Authorities have made changes to achieve these agreements, and ethanol is key in this process. Representatives of the sector expressed their opinion on Colombia’s capacity to meet the new ethanol demand.

The Ministry of Mines and Energy (MinMinas) announced fuel prices for March. The entity took measures to improve fuels quality and reduce pollution.

The Ministry of Mines and Energy (MinMinas) announced fuel prices for February. As expected, these increased and the government found the perfect excuse to justify this behavior.

The Ministry of Mines and Energy (MinMinas) increased fuel prices for February. As expected, representatives of different sectors reacted against this action, but others defended it. The Commercial Vendors Association (Fenalco), the Colombian Association of Petroleum Engineers (ACIPET) and the Colombian Federation of Cargo and Logistics Transporters (Colfecar) spoke on this subject.

The constant increases in gasoline prices generate much discussion and social discontent in Colombia. Prices increased substantially during the past year compared toannual inflation in percentage terms.